AUDNZD
AUDNZD broke out of the ascending daily trendline and started to form a downtrend structure on the H4. I see two possibilities for the downside next week.
1) Price can retrace to either resistance zone near the descending trendline and form a lower high.
2) Price can keep falling form where it is now.
1) Price can retrace to either resistance zone near the descending trendline and form a lower high.
2) Price can keep falling form where it is now.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.